Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Central Bank takes measures to retrieve Sri Lankan coins from till boxes in India
Mon, Jul 21, 2014, 09:23 am SL Time, ColomboPage News Desk, Sri Lanka.

July 21, Colombo: Sri Lanka has initiated measures to bring back a huge stock of Sri Lankan coins that are in the Buddhist pilgrim sites of India, the Governor of Central Bank of Sri Lanka Ajith Nivard Cabraal said.

Sri Lankan pilgrims over the years have offered tons of coins to the Buddhist temples and churches in India and Sri Lanka is taking measure to retrieve those coins to cut down the cost of minting new coins Cabraal told local TV Swarnavahini.

The Central Bank has learnt that there were coins to the value of about Rs. 80 million in Bodhgaya alone.

The Governor of Central Bank said that the value of the coins is being estimated. He said that there could be between 10 to 20 tons of coins that have been accumulated for decades.

He said discussions and processes are underway with Indian authorities to acquire the coins back as Sri Lanka faces a severe shortage of coins of smaller denominations.

Sri Lankan Buddhists make offerings to temples in India where Buddha attained enlightenment while the Sri Lankan Tamils and Christians make offerings to Hindu kovils and churches.

ColomboPage - Recent 10 Stories
Police arrest two suspects transporting illegally imported cigarettes
-- [2 hours ago]
Detailed Agreement on Neville Fernando Hospital to be presented in parliament as a bill
-- [2 hours ago]
Sri Lanka sets target to complete accession of Madrid Protocol by 2018 August
-- [3 hours ago]
Sri Lanka on path to 100% renewable energy - report
-- [4 hours ago]
One-day island wide raid arrests 777 Army deserters
'Government is not afraid of talkative personalities'- Minister
Extensive investigation on leaking questions on GCE Advanced Level Chemistry paper
Government assistance and aid to uplift brick laying industry in the South
Maximum retail price of rice dropped, no change in Sugar prices - Minister Bathiudeen
Project commenced to clean stone ruins of Polonnaruwa ancient city

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.